Family Legacy Inc. increased its stake in Valero Energy Co. (NYSE:VLO) by 7.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,313 shares of the oil and gas company’s stock after purchasing an additional 380 shares during the quarter. Family Legacy Inc.’s holdings in Valero Energy were worth $455,000 at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. Advisory Alpha LLC bought a new position in Valero Energy in the 1st quarter worth $27,000. Archford Capital Strategies LLC raised its holdings in Valero Energy by 122.7% in the 2nd quarter. Archford Capital Strategies LLC now owns 363 shares of the oil and gas company’s stock worth $31,000 after purchasing an additional 200 shares during the period. Covenant Multifamily Offices LLC bought a new position in Valero Energy in the 1st quarter worth $36,000. First Manhattan Co. raised its holdings in Valero Energy by 47.1% in the 1st quarter. First Manhattan Co. now owns 453 shares of the oil and gas company’s stock worth $38,000 after purchasing an additional 145 shares during the period. Finally, NuWave Investment Management LLC raised its holdings in Valero Energy by 1,107.7% in the 2nd quarter. NuWave Investment Management LLC now owns 471 shares of the oil and gas company’s stock worth $40,000 after purchasing an additional 432 shares during the period. 77.21% of the stock is currently owned by institutional investors.
VLO has been the topic of a number of recent research reports. Wells Fargo & Co set a $107.00 target price on Valero Energy and gave the stock a “buy” rating in a report on Friday, July 26th. Raymond James raised their price target on Valero Energy from $100.00 to $105.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Goldman Sachs Group raised Valero Energy from a “neutral” rating to a “buy” rating and decreased their price target for the company from $96.00 to $92.00 in a report on Thursday, June 6th. Morgan Stanley raised their price target on Valero Energy from $100.00 to $110.00 and gave the company an “overweight” rating in a report on Monday, April 15th. Finally, Royal Bank of Canada set a $98.00 price target on Valero Energy and gave the company a “buy” rating in a report on Friday, July 26th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and twelve have issued a buy rating to the company. Valero Energy currently has a consensus rating of “Buy” and an average target price of $105.47.
NYSE:VLO opened at $82.07 on Monday. The company has a current ratio of 1.43, a quick ratio of 0.92 and a debt-to-equity ratio of 0.41. The firm’s 50-day simple moving average is $82.72. The company has a market capitalization of $34.24 billion, a PE ratio of 11.14, a PEG ratio of 1.93 and a beta of 1.48. Valero Energy Co. has a 52 week low of $68.81 and a 52 week high of $122.42.
Valero Energy (NYSE:VLO) last posted its quarterly earnings results on Thursday, July 25th. The oil and gas company reported $1.51 EPS for the quarter, beating the Zacks’ consensus estimate of $1.37 by $0.14. The business had revenue of $28.93 billion for the quarter, compared to analysts’ expectations of $25.45 billion. Valero Energy had a return on equity of 11.23% and a net margin of 2.27%. The business’s quarterly revenue was down 6.7% on a year-over-year basis. During the same period last year, the firm earned $2.15 earnings per share. As a group, research analysts forecast that Valero Energy Co. will post 5.32 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 4th. Stockholders of record on Tuesday, August 6th will be given a dividend of $0.90 per share. The ex-dividend date is Monday, August 5th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.39%. Valero Energy’s payout ratio is 48.85%.
Valero Energy Profile
Valero Energy Corporation operates as an independent petroleum refining and ethanol producing company in the United States, Canada, the United Kingdom, Ireland, and internationally. It operates through three segments: Refining, Ethanol, and VLP (Valero Energy Partners LP). The company is involved in oil and gas refining, marketing, and bulk selling activities.
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